Grizzly receives drill, trenching permits for Greenwood

Executive Summary

• Grizzly Discoveries Inc. received drilling and trenching permits from the B.C. Ministry of Mining and Critical Minerals for four priority targets at its Greenwood project (Midway, Sappho, Copper Mountain, Imperial).
• The company will use proceeds from a recently announced $1 million private placement to fund fall‑2025 drilling and trenching at the Midway target, which hosts historic high‑grade gold‑silver‑copper mineralization.
• Recent historical sampling highlights include multiple rock grab assays up to 70.8 g/t Au and 2,140 g/t Ag, underscoring the exploration potential of the Midway area.

Key Details

• Permit Coverage: Work permits granted for drilling and trenching at Midway, Sappho, Copper Mountain (Prince of Wales, Coronation, Mabel Jenny) and Imperial targets.
• Financing Reference: Private placement offering up to $1 million (announced Sept. 11‑12, 2025) earmarked primarily for Midway exploration activities in fall 2025.
• Midway Historical Assays:
• Rock grab samples (2022) returned 12.05 g/t – 70.8 g/t Au (0.351–2.065 oz/ton).
• Silver assays ranged from 1,360 g/t to 2,140 g/t Ag (39.7–62.4 oz/ton).
• New 2023 showings: up to 5.64 g/t Au (0.165 oz/ton) north of Midway; up to 4.19 g/t Au (0.122 oz/ton) west of Midway.
• Soil Anomalies (2022‑2024): At least six zones with >100 ppb Au and >200 ppm Cu identified around Midway.
• Target Metallurgy: Exploration focused on copper‑gold skarn and epithermal gold‑silver mineralization; outcrop samples exhibit pyrite, arsenopyrite, galena, sphalerite within siliceous chalcedonic host rocks.
• Additional High‑Grade Sample: Rock grab 200 m west of historic Midway mine yielded 15.85 g/t Au (0.462 oz/ton) and 1,530 g/t Ag (44.6 oz/ton).
• Fall 2025 Exploration Plan: Trenching, rock & soil sampling, and drilling at Midway contingent on financing availability; Beaverdell soil results to be released as received.
• QA/QC Protocols: Samples analyzed by ALS Global Laboratories (ISO/IEC 17025:2017 accredited); fire assay with atomic emission spectrometry used for Au; chain‑of‑custody maintained under direction of Michael B. Dufresne, MSc, PGeol, PGeo (qualified person per NI 43‑101).

Notable Quotes

• “We are excited and are looking forward to pursuing a number of high‑grade gold‑silver‑copper‑lead‑zinc showings and historical mines with drilling in the fall of 2025… We have barely scratched the surface in terms of exploration.” – Brian Testo, President & CEO, Grizzly Discoveries Inc.